Aon in Hewitt merger
Large insurer Aon has positioned itself to become a global leader of risk and human resources via a merger with Hewitt announced to investors in the US overnight.
The transaction will see Hewitt merge with Aon for US$50 a share, with investors being told it will result in the creation of a “global leader in human capital solutions with combined Aon and Hewitt revenues of US$4.3 billion".
The investor briefing said the merger of the two organisations would generate significant cross-selling opportunities, with Hewitt’s services being marketed to Aon’s client base while Aon’s services would be marketed to Hewitt’s client base.
The briefing said that synergies would be generated in circumstances where risk and human capital services were increasingly becoming more linked.
The briefing did not specifically mention the degree to which the transaction would affect Aon’s Australian operations.
AUTHOR
Mike Taylor
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